Word: wals
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...There is going to be a new climate change treaty by the end of the year, and hopefully we'll be a signatory to it. It's back on the radar screen politically, and a lot of people are paying attention to it. You look at the changes that Wal-Mart alone had made, and they are pretty profound...
Nothing says more about the American mind-set than what consumers are buying, and ignoring, at drugstores, supermarkets and mass-merchandising outlets like Wal-Mart and Target. TIME asked the Nielsen Co. to identify the best- and worst-performing product categories during this recession, and the findings are quite revealing. In general, people are buying more food to prepare at home, a function of their eating out less often at restaurants, which are suffering. At the same time, they're forsaking home furnishings and more discretionary items. "The American consumer is clearly getting back to basics," says Todd Hale, Nielsen...
...only way to see what will happen in the retail industry in the next several quarters is to watch it like a hawk today. The first impression that many people get is that the retail business is OK because Wal-Mart is doing so well. But, Wal-Mart is the exception to the rule. Sam Walton's company continues do well because its tremendous buying power, distribution, and brand allows it to attract customers who get relatively high quality products for very little money. Its success removes a great deal of the foot traffic from the rest of the industry...
...center of the drop-off in middle class buying power. Firms including Liz Claiborne (LIZ) and Talbot's (TAL) are in about the same spot. Ann Taylor is probably much better off than genuinely failing retailers including Bon-Ton (BONT) and Gap (GPS). Ann Taylor, of course, is not Wal-Mart which will most likely stay in a world all its own for the duration of the downturn...
...office in Rawalpindi directed Qasab to the sprawling campus of the Markaz-al-Dawa wal-Irshad in the town of Muridke, about half an hour's drive from Lahore. Established in 1987 by a trio of veterans from the Afghan jihad with funding from Osama bin Laden, this Wahhabi center quickly became known as the launchpad for militant jihad. But it is much more. Within a few years, the Markaz had expanded to include a madrasah, separate schools for boys and girls, a free hospital and a university. Its founders, Hafiz Saeed, Zafar Iqbal and Abdullah Azzam - the latter...